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he has a tax cut. if you implemented it, what he says though, and has said from the beginning is that he will pay for that tax cut. when you include that sentence, he then says fairly scored, i have promised as a later date to pay for it. the question has been how are you going to pay for it? why should we believe you when no republican in 20 or 30 years has paid for a tax cut. i'm not sure it is wrong for romney to say that he is going to do a $5 trillion tax cut. the problem is he hasn't told us a word about how he is going to pay for it. the three things he wants to do, have the 20% across the board rate cut and have it paid for while protecting a bunch of tax cuts, they can't be done at once. something has to give and we don't know what it will be. >> he is wrong. because, if we give them the allowance that you are willing to give him, that will be the first time in the history of the discussion of tax policy in our government that anyone has been able to say i don't have a $5 trillion tax cut beca
he has a tax cut. if you implemented it, what he says though, and has said from the beginning is that he will pay for that tax cut. when you include that sentence, he then says fairly scored, i have promised as a later date to pay for it. the question has been how are you going to pay for it? why should we believe you when no republican in 20 or 30 years has paid for a tax cut. i'm not sure it is wrong for romney to say that he is going to do a $5 trillion tax cut. the problem is he hasn't told...
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he says i'm not offering a tax cut to the wealthy. is that actually true? no. his plan actually would dramatically decrease the tax burden on the wealthy in this country. now, contrast that with obama. contrast that with how he has governed. if he sounds like a centrist in the debate, has he governed more as a centrist. look at health care. he took the individual mandate, a republican idea and proposed a plan and implemented a plan friendly to the private insurance industry. wall street reform. liberals say he didn't go far enough. he mentioned social security. he was willing to cut a grand bargain with republicans last year on social security and medicare. the key point is this, i think. if you're a liberal you have a lot of room to criticize from the left the actual actions that obama has taken as president and the policies he's proposed. if you're a conserve it active and looking at mitt romney, you may not like him personally. you may not think in his heart of hearts he's a true believer, but you have no ground to object to him when it comes to policy, beca
he says i'm not offering a tax cut to the wealthy. is that actually true? no. his plan actually would dramatically decrease the tax burden on the wealthy in this country. now, contrast that with obama. contrast that with how he has governed. if he sounds like a centrist in the debate, has he governed more as a centrist. look at health care. he took the individual mandate, a republican idea and proposed a plan and implemented a plan friendly to the private insurance industry. wall street reform....
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tax havens. mitt romney avoided paying his fair share. what else is he hiding? >>> joining me now, david k johnston author of the new book, "the fine print" and karen finney. david k. johnstone, the times got tax experts to look at the tax returns and some documents they obtained from bain from this new report today. what did we learn? >> well, the cayman islands 4 hundred years ago was a hang out for pirates now it's a hang out for tax pirates. instead of a buried map of where the tresh is, now you get this opinion letters from lawyer, if you follow one every one of these steps, you can get your treasure untaxed to the cayman islands. one of the things the times points out because of the way these were set up and the fees they were charged against them, the less taxes paid by those who were investing, the greater the sum available and therefore the higher the fees that romney collected. >> karen finney, romney, you get the sense the romney campaign expected that the tax return story was a story
tax havens. mitt romney avoided paying his fair share. what else is he hiding? >>> joining me now, david k johnston author of the new book, "the fine print" and karen finney. david k. johnstone, the times got tax experts to look at the tax returns and some documents they obtained from bain from this new report today. what did we learn? >> well, the cayman islands 4 hundred years ago was a hang out for pirates now it's a hang out for tax pirates. instead of a buried map...
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the number on his tax cut is $5 trillion. because he's talking about a 20% cut in marginal rates, eliminating the alternative minimum tax, estate tax and other deductions, $480 billion a year, $5 trillion over ten years, that's the number. then he says, you know, every day for the last 18 months, i've been talking about repealing every aspect of obama care, but actually i didn't mean it. well it's too late for that. if you repeal obama care across the board, that means that kids can no longer stay on their parents' coverage through age 26, it means that we can go back to a system of denying coverage for preexisting conditions, it means that seniors again are back on to co-pays larger co-pays as it relates to prescription drugs, and on dodd/frank, he's been saying he wants to repeal dodd/frank, andrea, every day for the last 18 months, repeal every aspect of it. dodd/frank of course is the bill that reregulated the financial system after the credit market collapsed, the catastrophic collapse of 2008. so does anybody really wan
the number on his tax cut is $5 trillion. because he's talking about a 20% cut in marginal rates, eliminating the alternative minimum tax, estate tax and other deductions, $480 billion a year, $5 trillion over ten years, that's the number. then he says, you know, every day for the last 18 months, i've been talking about repealing every aspect of obama care, but actually i didn't mean it. well it's too late for that. if you repeal obama care across the board, that means that kids can no longer...
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. >> at the debate he said he's not going to cut taxes for the wealthy. in the primary he said he's going to cut taxes for everyone. >> i'm going to lower rates across the board for all americans. isn't that a change? >> let me repeat what i said. >> lying, denying and alibiing. >> is that leadership? >> we can't debate the debate. >> the war continues. >> let's move on. >> we are awaiting a major foreign policy address. >> romney boiled down the president's foreign policy to one of hope. >> hope is not a strategy. >> but on actual foreign policy romney's specifics were rather thin. >> i'll support the libyan's people efforts to support a lasting government. >> how about iran? >> prevent them from acquiring nuclear weapons capability. >> that's the same. >> this is the same guy who couldn't even go to the olympics. >> he will say anything, he will do anything. >> his mention of russia. >> without question of number one geopolitical foe. >> there are two kinds of success, initial and ultimate. >> i still believe you in and i hope you still believe in me. i
. >> at the debate he said he's not going to cut taxes for the wealthy. in the primary he said he's going to cut taxes for everyone. >> i'm going to lower rates across the board for all americans. isn't that a change? >> let me repeat what i said. >> lying, denying and alibiing. >> is that leadership? >> we can't debate the debate. >> the war continues. >> let's move on. >> we are awaiting a major foreign policy address. >> romney...
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to do to the tax code. he has a tax cut that would cost $5 trillion. that part is true. the president is right about that. romney said from the very beginning, he's consistent so nothing he said last night was new. it's important to put that clearly. he's always said he will pay for that tax cut. that tax cut will not be passed the way it is currently in. he will work with congress to find offsets. romney has not named any offsets or shown how to pay for it, and it's not clear that he can, given the size of it and given his promise of not letting it become a tax cut for the rich. that's what romney did last night. every time obama said you have a $5 trillion tax cut, he said no i don't. the truth is we don't know what it is. as he's running for president, i think it's information that we're frankly entitled to. >> let me play another clip. the president criticized romney for a lack of specifics in the tax plan and wall street reform and health care. that's how that went down. >> my experience as a governor
to do to the tax code. he has a tax cut that would cost $5 trillion. that part is true. the president is right about that. romney said from the very beginning, he's consistent so nothing he said last night was new. it's important to put that clearly. he's always said he will pay for that tax cut. that tax cut will not be passed the way it is currently in. he will work with congress to find offsets. romney has not named any offsets or shown how to pay for it, and it's not clear that he can,...
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so if the tax plan he described were a tax plan i was asked to support, i'd say absolutely not. i'm not looking for 5i trillion tax cut. i won't put in a place a tax cut that adds to the deficit. i'm not in favor of a $5 trillion tax cut. that's not my plan. >> that's three different moments during this debate when mitt romney noticed the bump in the set for obama. what he's saying there is he's arguing against math. the idea that you can cut faxes 20%, can you tell taxes for everybody and it's deficit neutral and faye for it by closing unspecified loop moles and dealing with deductions. that is the romney position. it's up to bahama to make romney get specific about it to say okay. it's easy to say you deal with the deductions and it's easy to say it's deficit neutral and let's talk about the specific deductions and talk about the home interest deduction and health care deduction and the charitable giving deduction. these are things that people rely on and things that are popular with voters. let's put mitt romney on the spot here and say if you pay for it with deductions, this
so if the tax plan he described were a tax plan i was asked to support, i'd say absolutely not. i'm not looking for 5i trillion tax cut. i won't put in a place a tax cut that adds to the deficit. i'm not in favor of a $5 trillion tax cut. that's not my plan. >> that's three different moments during this debate when mitt romney noticed the bump in the set for obama. what he's saying there is he's arguing against math. the idea that you can cut faxes 20%, can you tell taxes for everybody...
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in the last debate, no, he does not plan a tax cut but he says he plans a tax cut -- a 20% tax cut across the board. there are a number of ways -- i've witnessed once when mitt romney once said he was pro gay adoption. and the very next day he said he was staunchly against it. so, to call someone out on their mistruthings and lies, that's not poor sportsmanship. that's like saying someone who entered a race who was doping and you call them on doping, you know, is guilty of poor sportsmanship. the person who is guilty is the person who is cheating. >> yes, indeed. ken, mr. romney tells wolf blitzer that will be a preference, in his words, for home mortgage deduction and charitable contribution, so to make up for the tax cuts, what ducks will go away? have you found them? >> this has been a great challenge of covering the campaign where there isn't -- >> this is a bigger mystery than the loch ness monster, no one can find them. >> that's one thing democrats will press him on. they've tried with a high degree -- to point out that is not -- the math is not working here, that's one of the thin
in the last debate, no, he does not plan a tax cut but he says he plans a tax cut -- a 20% tax cut across the board. there are a number of ways -- i've witnessed once when mitt romney once said he was pro gay adoption. and the very next day he said he was staunchly against it. so, to call someone out on their mistruthings and lies, that's not poor sportsmanship. that's like saying someone who entered a race who was doping and you call them on doping, you know, is guilty of poor sportsmanship....
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don't like the tax policy numbers, find your own. there is a lot of that going on. >> in fairness i think what mitt romney said is defensible in the sense that, in fact, we have seen millions of people drop out of the labor force. if they hadn't dropped out and they seem to have because -- some is anyonie i aging but a l find jobs. that's a fair thing to say. >> he's on stage alan west who on friday suggests this was part of leftist radicalism at work and part of the chicago machine manipulating labor statistics. >> indeed. then there are the crazy people. >> that speaks volumes. >> he probably didn't pick the appearance knowing what the jobs figures would be. i think it's fair to say the economy has been bachltd obama doesn't have much to do with it. the president can't do that much to control the economy. but four years ago obama got to run saying, they drove it into the ditch, i can drive it out. then it turns out he can't. now the next guy gets to say, i can drive it out. he also can't drive it out, but this is the ritual every f
don't like the tax policy numbers, find your own. there is a lot of that going on. >> in fairness i think what mitt romney said is defensible in the sense that, in fact, we have seen millions of people drop out of the labor force. if they hadn't dropped out and they seem to have because -- some is anyonie i aging but a l find jobs. that's a fair thing to say. >> he's on stage alan west who on friday suggests this was part of leftist radicalism at work and part of the chicago machine...
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they can justify raising taxes on the middle class that's been buried the last four years. >> vice president biden just today said that the middle class over the last four years has been, quote, buried. we agree. that means we need to stop digging by electing mitt romney the next president of the united states! >> today, heavy hitters are fighting back. senator marco rubio just now in denver. >> the last four years the american middle class has been buried. those aren't my words. those happened to be the words of the distinguished vice president of the united states, mr. joe biden. no, don't boo. he's the best thing we got going, guys. >> and how's this for trail mix? mitt romney got more than he bargained for when he posed at chipotle after ordering a burrito bowl in a photo op that's an internet sensation. good day, andrea mitchell live in denver at the site of tonight's presidential debate, the first time in five years that barack obama and mitt romney are going to be face-to-face in what the local newspaper is headlining as the duel in denver. joining me now for our daily fix, chris cizi
they can justify raising taxes on the middle class that's been buried the last four years. >> vice president biden just today said that the middle class over the last four years has been, quote, buried. we agree. that means we need to stop digging by electing mitt romney the next president of the united states! >> today, heavy hitters are fighting back. senator marco rubio just now in denver. >> the last four years the american middle class has been buried. those aren't my...
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. >> these are people who pay no income tax. 47% of people pay no income tax. so our message of low taxes doesn't connect. he'll be out there talking for tax cuts of the rich. so my job is not to worry about those people. i'll never convince them that they should take personal responsibility and care for their lives. >> so my job is not to worry about those people. i'll never convince them that they should take personal responsibility and care for their lives. krystal ball, i don't know. that sounds to me like it's a description of how he would be as president. so my job is not to worry about those people? >> well, he may have contempt for you, but that doesn't mean he's going to act like he has contempt for you when he's president. obviously, when he was in that particular room, he was telling the people in that room that that's exactly who he would be as president. and i think what we see from mitt romney is who he is and what he says is all dependent on the expediencies of the moment. if we had a president romney, he would mostly be held hostage by a republi
. >> these are people who pay no income tax. 47% of people pay no income tax. so our message of low taxes doesn't connect. he'll be out there talking for tax cuts of the rich. so my job is not to worry about those people. i'll never convince them that they should take personal responsibility and care for their lives. >> so my job is not to worry about those people. i'll never convince them that they should take personal responsibility and care for their lives. krystal ball, i don't...
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>>> taxes, education, reproductive rights when you're mitt romney what's wrong with a little change of heart? it's wednesday, october 10th, and this is "now." >>> joining me today, msnbc political analyst and georgetown university professor michael eric dyson, the golden throat. the host of msnbc's the cycle steve kornacki, msnbc contributor and queen bee of thegrio.com joy reid and new york times magazine editor mr. sunday morning himself, hugo lingren. there are 27 days to the election, meaning we still have time for 27 new and exciting policy shifts from governor mitt romney. and who better than the country's explainer in chief to outline the paradox of the mittens. >> i had a different reaction to that first debate than a lot of people did. i mean, i thought -- i thought wow. here's old moderate mitt. where you been, boy? i missed you all these last two years. >> call it the merry go mitt. governor romney has completed a full 360-degree rotation, changing his views so many times on -- so many times on some of his core beliefs that he's right back to where he started decades ago. he
>>> taxes, education, reproductive rights when you're mitt romney what's wrong with a little change of heart? it's wednesday, october 10th, and this is "now." >>> joining me today, msnbc political analyst and georgetown university professor michael eric dyson, the golden throat. the host of msnbc's the cycle steve kornacki, msnbc contributor and queen bee of thegrio.com joy reid and new york times magazine editor mr. sunday morning himself, hugo lingren. there are 27...
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. >> how they can justify raising taxes on the middle class that's been buried the last four years. >> the middle class in america is hurting. >> the middle class has been buried the last four years. >> kristen welker and peter alexander are with the obama and romney campaigns in these final hours before the first match-up, the debate tonight. we begin with kristen in nevada with the president. the president will travel to colorado in just a matter of hours. good morning. >> good morning. that's right. president obama will take off for denver in just a few hours. i'm told he'll have a little bit of down time with the first lady before the debate. he'll also do a walk through of the venue. here's how it's going to work. president obama will be given the first question. mitt romney will have the final word tonight. the debate will be broken up into six 15-minute segments for a 90-minute debate. it will include three on the economy, one on health care, one on governing and one on the state of government. the role of government, i should say. now, both candidates will be standing at podiu
. >> how they can justify raising taxes on the middle class that's been buried the last four years. >> the middle class in america is hurting. >> the middle class has been buried the last four years. >> kristen welker and peter alexander are with the obama and romney campaigns in these final hours before the first match-up, the debate tonight. we begin with kristen in nevada with the president. the president will travel to colorado in just a matter of hours. good...
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and for some of them even more than taxes abortion is the litmus test issue. it's also the issue on which governor romney has been absolutely totally positively the most flip floppy and squishyist. what he said yesterday was not exactly a flip flop back. it was essentially saying i don't have any legislation in mind. >> a lawyerly comment. >> at the top of my agenda. it's true. he hasn't proposed legislation and he also didn't say he would veto something that came from him. as we saw in the debate last week it is a definite shift in tone, a shift in tone that could appeal to both women voters and other independent voters who are trying to decide who this guy really is. >> chris cizilla, on that point, as to who this guy really is, andrea psaul issued a response saying -- what is your take away from all this? >> i think what he is trying to do is he understands -- and i would say this goes to the prominence of ann romney of late as well, he understands that women are absolutely essential he's not going to win them but he cannot lose the em bay wide margin. talk
and for some of them even more than taxes abortion is the litmus test issue. it's also the issue on which governor romney has been absolutely totally positively the most flip floppy and squishyist. what he said yesterday was not exactly a flip flop back. it was essentially saying i don't have any legislation in mind. >> a lawyerly comment. >> at the top of my agenda. it's true. he hasn't proposed legislation and he also didn't say he would veto something that came from him. as we...
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what $5 trillion tax cut? what was being presented wasn't leadership. that's salesmanship. >> when the storm clouds clear, which romney will voters remember? the bone dry severe conservative or the misty massachusetts moderate? the paradox of the mittens, a multi volume extravaganza continues. john heilemann, what do we make, what do you specifically make, of this politico inside dope that says ann and tagg romney have been instrumental in this recalibrated mitt romney? >> i never want to take exception that anybody mike allen and jim vandehei write but maybe there's a straining to find a more biz zanty explanation than is necessarily the case. to question that ann romney was unhawpe with what was happening to her husband as any reasonable wife would be, given the way he was being portrayed and allowing people to portray himself. there's, you know, losing campaign, which the romney campaign was until the debate in denver, there's always a lot of second guessing and it started early in this campaign. she clearly has made her feelings known in a very dire
what $5 trillion tax cut? what was being presented wasn't leadership. that's salesmanship. >> when the storm clouds clear, which romney will voters remember? the bone dry severe conservative or the misty massachusetts moderate? the paradox of the mittens, a multi volume extravaganza continues. john heilemann, what do we make, what do you specifically make, of this politico inside dope that says ann and tagg romney have been instrumental in this recalibrated mitt romney? >> i never...
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will romney be over the ropes for taxes, bill obama be bum rushed for specifics. will jim lair send them to certain corners. after some debate of our own, we compiled our own list of what to watch. wasn't easy. here's a glimpse into the editorial brainstorm. >> the president has a double-edged sword being the president, because he's got a lot of command of detail, he understands policies, but the expectations are also high and he can come across as a little too arrogant. >> i vote for hates romney as a weakness for obama. to the strength of the president, he knows everything and he's been there and done that for three and a half years, so you can't stump them. >> toure says the president knows everything. romney's clear weakness is awkward and gaffe-prone. >> when he strays off the script and the stuff he knows to talk about, he's likely to see the $10,000 thing. >> i'm happy with gaffe-prone. i don't think he's slow on his feet at all. >> i would say questional improvization skills. >> he has the ability to communicate with a soft touch. he doesn't come across as
will romney be over the ropes for taxes, bill obama be bum rushed for specifics. will jim lair send them to certain corners. after some debate of our own, we compiled our own list of what to watch. wasn't easy. here's a glimpse into the editorial brainstorm. >> the president has a double-edged sword being the president, because he's got a lot of command of detail, he understands policies, but the expectations are also high and he can come across as a little too arrogant. >> i vote...
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about taxing the wealthy, and he's talking about taxing planes. i own a plane. >> that's you. >> i was like, oh, okay. thanks a lot, president obama. >>> we start the second half of [ female announcer ] the best things in life are the real things. nature valley trail mix bars are made with real ingredients you can see. like whole roasted nuts, chewy granola, and real fruit. nature valley trail mix bars. 100% natural. 100% delicious. a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be taken with or without food. and it's not a narcotic. you and your doctor should balance the benefits with th
about taxing the wealthy, and he's talking about taxing planes. i own a plane. >> that's you. >> i was like, oh, okay. thanks a lot, president obama. >>> we start the second half of [ female announcer ] the best things in life are the real things. nature valley trail mix bars are made with real ingredients you can see. like whole roasted nuts, chewy granola, and real fruit. nature valley trail mix bars. 100% natural. 100% delicious. a body at rest tends to stay at rest......
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be a tax attached to it. they want a carbon tax that will tax american airplanes landing in europe based on their carbon emissions. what we're looking at here is a global system of taxation. will obama raise taxes? yeah, but not just through congress. it will be done by treaties in the u.n. that can be ratified by the senate and the house of representatives has nothing to do with it. that's one of the major things we warn about in this book heree come the black helicopters." >> sean: that's pretty frightening. it's in bookstores as of tomorrow morning, amazon.com, called "black helicopters." dick, thank you. >> thank you. >> sean: when we come back, is there a major donor scandal about to blow up in the president's face? our guests say they have things that could derail the president before election day. and in the middle east, this time the israelis take out a drone. the middle east burning. this all happens as mitt romney goes out with a major foreign policy speech telling voters that the president has fail
be a tax attached to it. they want a carbon tax that will tax american airplanes landing in europe based on their carbon emissions. what we're looking at here is a global system of taxation. will obama raise taxes? yeah, but not just through congress. it will be done by treaties in the u.n. that can be ratified by the senate and the house of representatives has nothing to do with it. that's one of the major things we warn about in this book heree come the black helicopters." >> sean:...
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they are sort of this strange direct where they can put things on referendum where you can't raise taxes but the people can also vote on what they want. >> that's right. >> jon: so it is the perfect symbol for the difficulties we have in the country of getting the services we want while convincing people that they do have to bay for it. >> yes. you have that rob, but you also have the other problem, which is that mistakes were made, not only in california but all over the united states, when it comes to pensions. we have in california now for instance $400 billion of unfunded liability, this is something that was done by the legislature, not by the people, so there is a huge amount of money that is being going out, and now it is not available for programs for the people, just because it is for retired people and kind of like you are living in the past, you are taking care of things in the past rather than look to looking to the future and building schools and roads and universities and less study -- >> jon: i keep coming back to this idea, if only somebody could come back from the future
they are sort of this strange direct where they can put things on referendum where you can't raise taxes but the people can also vote on what they want. >> that's right. >> jon: so it is the perfect symbol for the difficulties we have in the country of getting the services we want while convincing people that they do have to bay for it. >> yes. you have that rob, but you also have the other problem, which is that mistakes were made, not only in california but all over the...
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his tax cut wouldn't be anywhere near that size. >> so you're disputing the size of the tax cut? or are you disputing also how he's going to pay for it? >> we're disputing the size. >> erin, he has campaigned on lowering tax cuts by 20% for everybody, including those in the top 1%. that was one of the main selling points in the republican primary. >> so you're saying if you lower them by 20% you get a $5 trillion tab, right? >> it's a $5 trillion tab. >> but when he closes deductions he won't be anywhere near $5 trillion. that's our analysis. >> well with, okay, stipulated, it won't be near $5 trillion, but it's also not going to be the sum of $5 trillion in the loopholes that he's going to close. it is going to cost someone and it's going to cost the middle class. independent economists have taken a look at this. there aren't enough deductions for those at the top to account for the number of tax cuts that they get because of mitt romney's policies. you have to raise taxes on the middle class, as bill clinton says, it's simple math. >> they'll say, though, that you can do that.
his tax cut wouldn't be anywhere near that size. >> so you're disputing the size of the tax cut? or are you disputing also how he's going to pay for it? >> we're disputing the size. >> erin, he has campaigned on lowering tax cuts by 20% for everybody, including those in the top 1%. that was one of the main selling points in the republican primary. >> so you're saying if you lower them by 20% you get a $5 trillion tab, right? >> it's a $5 trillion tab. >> but...
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. 10 years later, i had to raise taxes. i hated it. arnold, how can you do that? you promised the people you wouldn't raise taxes. all of a sudden you are there with a $40 billion deficit because the economy took a dive and we had less revenues coming in. >> sean: even the car tax. >> exactly. it's a real clem and real dileml challenge. i was adamant about solving the financial problem of california to pay down the debt, number one. number two, to make the deficit go away and live within our means. i was not able to do it. >> sean: we have much more with governor schwarzenneger. is he supporting a candidate this election? that is coming up next. [ male announcer ] if it wasn't for a little thing called the computer, we might still be making mix tapes. find this. pause this. play this. eject this. write this. it's like the days before esurance express lane™. you had to find a bunch of documents just to get a car insurance quote. now express lane finds your driving info with just one click, saving time to be nostalgic about
. 10 years later, i had to raise taxes. i hated it. arnold, how can you do that? you promised the people you wouldn't raise taxes. all of a sudden you are there with a $40 billion deficit because the economy took a dive and we had less revenues coming in. >> sean: even the car tax. >> exactly. it's a real clem and real dileml challenge. i was adamant about solving the financial problem of california to pay down the debt, number one. number two, to make the deficit go away and live...
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companies that are taxed at the individual tax rate. if you raise taxes on them, they have less money to spend. and to hire people with. the best way to get a balanced budget at the federal government level is to have this economy grow so more people are working. if more people are working, more people are paying taxes. by the way, if there is competition, trying to hire people -- if there is lots of business activity, wages go up, take-home pay goes up. that's more tax revenue. by far the most powerful way to get us to a balanced budget is to grow the economy. that's why my tax plan, which is estimated to create 7 million jobs, will help us more than anything else to get to that balanced budget. >> sean: i know this was not about foreign policy last night. we have been following very closely on this program, the issue in benghazi, the death of our ambassador, the first time in 30 years, two navy seals. do you believe there is a coverup going on? >> well, sean, first, let me note my condolences and sympathy for the families of those who
companies that are taxed at the individual tax rate. if you raise taxes on them, they have less money to spend. and to hire people with. the best way to get a balanced budget at the federal government level is to have this economy grow so more people are working. if more people are working, more people are paying taxes. by the way, if there is competition, trying to hire people -- if there is lots of business activity, wages go up, take-home pay goes up. that's more tax revenue. by far the most...
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rates and lowering tax revenues. he wants to lower the rates for the rich, and for everybody else. but he says, by eliminating loopholes and deductions to which the rich have much more access than anybody else, they will broaden the base and leave the revenue neutral or increase revenue. he says, i will not allow the share of the taxes that the rich are paying to go up. that undoes $100 million worth of obama advertising in 5 minutes. >> sean: you know, it's funny. i said something very similar -- on my radio program. it is amazing because they spent millions of dollars to position mitt romney and create a narrative about mitt romney and a caricature of mitt romney. wants dirty air, dirty water and doesn't care about children with autism or down's synd scprom wants to throw granny over the cliff. romney rendered all of those millions of dollars wasted. there is a side by side and people saw for themselves, a very different person than a caricature that the democrats were painting of him. where does he go from here? h
rates and lowering tax revenues. he wants to lower the rates for the rich, and for everybody else. but he says, by eliminating loopholes and deductions to which the rich have much more access than anybody else, they will broaden the base and leave the revenue neutral or increase revenue. he says, i will not allow the share of the taxes that the rich are paying to go up. that undoes $100 million worth of obama advertising in 5 minutes. >> sean: you know, it's funny. i said something very...
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one show put together moments when he wasn't. >> let's stay on taxes. >> just -- let's just stay on taxes for a moment. >> but virtually everything he just. >> but all i want to do is very quickly before we leave the economy. >> let's get back to medicare. the president said that the government. >> going to get the first word in the next segment. >> small businesses you are talking about. >> excuse me, just so everybody understands. >> gentlemen, look, one second. >> >> let's stay on the taxes then. >> i had five seconds before you interrupted me. >> i actually responded to that which is. >> jim,. >> respond to that. >> i have done a poor job. >> you have done a great job. >> oh well. no. >> bret: man, oh man, thanks for inviting us into your home tonight. make it a great weend
one show put together moments when he wasn't. >> let's stay on taxes. >> just -- let's just stay on taxes for a moment. >> but virtually everything he just. >> but all i want to do is very quickly before we leave the economy. >> let's get back to medicare. the president said that the government. >> going to get the first word in the next segment. >> small businesses you are talking about. >> excuse me, just so everybody understands. >>...
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federal income tax, federal payroll tax, state income tax, state sales tax, state property tax, gasoline tax added up to well over 50% of what they earned. your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses has said that will cost 700,000 jobs. i don't want to cost jobs. my priority is jobs. so what i do is i bring down the tax rates, lower deductions and exemptions, the same idea behind bowles-simpson, by the way. lower the exemptions to create more jobs because there's nothing better for getting us to a balanced budget than having more people working, earning more money, paying more taxes. that's by far the most effective and efficient way to get this budget balanced. >> jim, you may want to move on to another topic, but i would just say this to the american people. if you believe that we can cut taxes by $5 trillion and add $2 trillion in additional spending that the military is not asking for, $7 trillion, just to give you a sense over ten years, that's more than our entire defense budget, and you think
federal income tax, federal payroll tax, state income tax, state sales tax, state property tax, gasoline tax added up to well over 50% of what they earned. your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses has said that will cost 700,000 jobs. i don't want to cost jobs. my priority is jobs. so what i do is i bring down the tax rates, lower deductions and exemptions, the same idea behind bowles-simpson, by the way....
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been using a study by princeton economist harvey rosen to back up that romney's plan is paid for by tax cut on middle class but there was pushback from rosen saying he was misrepresented, saying increase in the tax burden on lower and middle income individuals is not required in order to make the overall plan revenue neutral. >> he would be the first to say this is not a monument to one man. >> under backdrop in california today, the president held an official event designating the chavez national monument that may help rally hispanic voters. new politico, george washington university battleground tracking poll of likely voters shows president may have an intensity problem. only 73% support him say they are extremely likely to vote compared to 86% who back romney. >> they know the race has tightened. >> bret: ed henry traveling with the president in california. ed thanks. >>> we are less than a month away from election day. much of the country is already taking part in early voting. we are taking our weekly look at how the electoral college map is shaping up. joining me again today are
been using a study by princeton economist harvey rosen to back up that romney's plan is paid for by tax cut on middle class but there was pushback from rosen saying he was misrepresented, saying increase in the tax burden on lower and middle income individuals is not required in order to make the overall plan revenue neutral. >> he would be the first to say this is not a monument to one man. >> under backdrop in california today, the president held an official event designating the...
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with respect to the governor plans for tax reform, he has a plan , pro-growth plan to cut taxes for the middle class because he will allow them to save and invest tax-free. unlike president obama, he has no plans to raise taxes. president obama has plans to raise taxes in this term and the next term. if he does that, he will plunge us off the fiscal cliff to another recession. this is why this choice facing the american people is critical. >> bret: when you hear the obama campaign and all the folks say, and interview after interview say we want specifics of how these loopholes will close and how you will pay for $5 trillion in tax cuts, are we going to hear it tonight? >> i think what you will hear from governor romney is the same thing we heard from president reagan in 1986. in 1986, the last time we undertook substantial tax reform, president reagan or ticklated -- articulated his principles. he laid out the broad guideline and gue him in his negotiation with congress. we did something great for the american people back then. we pushed down rates. that created economic expansion. that
with respect to the governor plans for tax reform, he has a plan , pro-growth plan to cut taxes for the middle class because he will allow them to save and invest tax-free. unlike president obama, he has no plans to raise taxes. president obama has plans to raise taxes in this term and the next term. if he does that, he will plunge us off the fiscal cliff to another recession. this is why this choice facing the american people is critical. >> bret: when you hear the obama campaign and all...
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. >>> why won't romney level with us about his tax plan which gives the wealthy huge new tax breaks? because according to experts, he would have to raise taxes on the middle class, or increase the deficit to pay for it. if we can't trust him here, how could we ever trust him here? >> roller coaster week hitting a high note for president obama. the new jobless numbers are easing the pain of his poor debate performance and bring romney's momentum to a sharp stop or it may not. joining me now, "new york times" columnist, nick kristof. let's start with the job figures today. because it's clearly good news for barack obama politically if nothing else. >> not only the numbers today but the revisions for the last two months. we seem to really be on a trajectory and you know, this is going -- apparently what really matters is not the economy for the year but the economy at the moment as people approach the election. people are beginning to vote. >> the good news for barack obama there. not so good news his performance at the debate. common consensus is a bit of a turkey. >> he blew it. >> wh
. >>> why won't romney level with us about his tax plan which gives the wealthy huge new tax breaks? because according to experts, he would have to raise taxes on the middle class, or increase the deficit to pay for it. if we can't trust him here, how could we ever trust him here? >> roller coaster week hitting a high note for president obama. the new jobless numbers are easing the pain of his poor debate performance and bring romney's momentum to a sharp stop or it may not....
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last four years, how in lord's name can they justify raising their taxes with these tax cuts. >> dan, look, there is plenty of fodder for this debate without that. but since that is so 11th hour, is that expected to be played up heavily tonight? >> i don't think the obama campaign doesn't think this will be a distraction, but perhaps this will be something that governor mitt romney will jump on at some point during the debate. it is interesting, the vice president made those comments yesterday while campaigning in north carolina. and right after that, the romney campaign jumped all over those remarks. in fact, they put together a conference call to draw attention to that. the obama campaign fighting back saying that's an act of desperation and what the vice president was talking about is that there was this climate over the last four years that were created by decisions that were made in the previous administration. and so, again, they don't see it as a distraction, but i wouldn't be surprised if it didn't come up tonight. >> all right, dan lothian, live for us in denver, a long day
last four years, how in lord's name can they justify raising their taxes with these tax cuts. >> dan, look, there is plenty of fodder for this debate without that. but since that is so 11th hour, is that expected to be played up heavily tonight? >> i don't think the obama campaign doesn't think this will be a distraction, but perhaps this will be something that governor mitt romney will jump on at some point during the debate. it is interesting, the vice president made those...
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plan calls for a $5 trillion tax cut on top of the extension of the bush tax cuts. that's another trillion dollars and $2 trillion in additional military spending that the military hasn't asked for. >> i'm not in favor of a $5 trillion tax cut. that's not my plan. my plan is not to put in place any tax cut to add to the deficit. >> now, today, the president is saying, hang on. that's not mitt romney. he says romney's changing the tune on the crucial issue of taxes to make himself sound more centrist. ali velshi is here to make sense of what we heard last night. >> right. >> the first question on the tax cut proposal. the president is saying he's flip flopping. is he proposing $5 trillion in tax cuts? >> so this is a tricky one. what mitt romney is saying is he wants to reduce taxes across the board in every category. wherever you are coming down 20%. if you don't figure out where you're going to make up the taxes from, if you take 20% less from everybody it's over 10 years a $4.9 trillion loss and overstating it a little bit but there's a study that's been done and
plan calls for a $5 trillion tax cut on top of the extension of the bush tax cuts. that's another trillion dollars and $2 trillion in additional military spending that the military hasn't asked for. >> i'm not in favor of a $5 trillion tax cut. that's not my plan. my plan is not to put in place any tax cut to add to the deficit. >> now, today, the president is saying, hang on. that's not mitt romney. he says romney's changing the tune on the crucial issue of taxes to make himself...
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this is about take org tax code and taking the tax rates and bringing them down, so we can infuse capital into the pockets of the job creators and the entrepreneurs. this is about looking to the trillions of dollars of capital sitting offshore and bringing that back onshore, allowing the repay the -- repatriation. we have to lower the exemptions and deductions and look at keeping the mortgage interest and charitable contributions to continue to have a benevolent group of americans that can take care of others. but everything of president obam's vision and philosophy and governance has failed. i would be happy to have a dhat with the president on what you just talked about. >> greta: in two nights, we will have the vice-presidential debate. i am curious what you want to--- hear vice-presidential paul ryan say about medicare in light of the fact that you have a lot of medicare recipients in florida. >> all i want paul ryan to do is to tell the truth. i want paul ryan to say that the actuaries of medicare and social security have said in 2024, medicare goes bankrupt. joe biden can try to cri
this is about take org tax code and taking the tax rates and bringing them down, so we can infuse capital into the pockets of the job creators and the entrepreneurs. this is about looking to the trillions of dollars of capital sitting offshore and bringing that back onshore, allowing the repay the -- repatriation. we have to lower the exemptions and deductions and look at keeping the mortgage interest and charitable contributions to continue to have a benevolent group of americans that can take...
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. >> president has idea he wants to raise the tax rate from 3% to 40%. that won't be good for forms. my own view is i want to take the tax rate down. >> following iowa, romney flew to ohio, critical battleground to his victory strategy, where the voter registration ends today. romney is expected to return at least four times in just the next week. romney aides are touting their ground game and grassroots enthusiasm. in florida, 43.5% of absentee ballot requests came from republicans. 39% for democrats. among those returned so far, 45% are g.o.p. only 38% are democrats. in colorado, republicans requested 656,000 absentee ballots of saturday to 627 for democrats. inness, absentee ballot request favor g.o.p. by 44% to 39%. in north carolina, 52% of all ballot requests of g.o.p. to only dop for democrats and 21 for independents. running mate paul ryan and joe biden off the trail getting ready for the big debate. kid rock leapt "born free" to romney for the rally theme headlined last night in michigan and considering a vice presidential debate keg party. >> i
. >> president has idea he wants to raise the tax rate from 3% to 40%. that won't be good for forms. my own view is i want to take the tax rate down. >> following iowa, romney flew to ohio, critical battleground to his victory strategy, where the voter registration ends today. romney is expected to return at least four times in just the next week. romney aides are touting their ground game and grassroots enthusiasm. in florida, 43.5% of absentee ballot requests came from...
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tracks taxes on the middle class. there is no way to do it. but i will talk about big bird and seem like i am the fiscally responsible person. >> sean: david, you are next, i promise. >> ohhhh. >> sean: for the polls, brand-new numbers, incredible story to show you. time for the obama campaign to cue the desperation card. we will have more with juan and david limbaugh, as we unveil the latest poll numbers. what happens when you try to put words in paul ryan's mouth. we have the amazing video of the v.p. hopeful, calling out a reporter over his left-wing agenda. we'll check in with dana, stewart and bob woodward and a lot more on this tuesday edition of "hannity." [ male announcer ] research suggests cell health plays a key role throughout our lives. one a day men's 50+ is a complete multi-vitamin designed for men's health concerns as we age. it has more of 7 antioxidants to support cell health. one a day men's 50+. marie callender's gives you a way to make any day a special occasion. new mini cream pies for one. real
tracks taxes on the middle class. there is no way to do it. but i will talk about big bird and seem like i am the fiscally responsible person. >> sean: david, you are next, i promise. >> ohhhh. >> sean: for the polls, brand-new numbers, incredible story to show you. time for the obama campaign to cue the desperation card. we will have more with juan and david limbaugh, as we unveil the latest poll numbers. what happens when you try to put words in paul ryan's mouth. we have...
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the debt wasn't wiped out. >> 1.7 trail in bush tax cuts, yes? that was -- >> bill: i'm not gog defend bush or the republican party. i'm going to tell you one thing, the highest tax revenues in the history of this nation occurred in 2007. the government got more money from we, the people, than any other time in history under the bush tax, the rich tax cuts. >> bill: after an hour at the podium, the two moved to more comfortable quarters. >> how is it that two personalities such as yourselves who are almost polar opposites politically, share a willingness to come together when congress can't? what advice would you give congress? [ applause ] [ laughter ] >> bill: what would you like for christmas, little boy? [ laughter ] get off! >> who is your political hero and why? >> now? yeah, right. i would say robert kennedy. [ applause ] i can't believe you said that. >> why? >> bill: because i'm a big robert kennedy fan. i got a book out, killing kennedy. >> oh, for god sake! if. >> if you could see any american elected president, who would it be and why
the debt wasn't wiped out. >> 1.7 trail in bush tax cuts, yes? that was -- >> bill: i'm not gog defend bush or the republican party. i'm going to tell you one thing, the highest tax revenues in the history of this nation occurred in 2007. the government got more money from we, the people, than any other time in history under the bush tax, the rich tax cuts. >> bill: after an hour at the podium, the two moved to more comfortable quarters. >> how is it that two...
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>> if you extend the bush tax cuts you don't cut taxes you keep taxes where they are. if you don't extend the bush tax cuts you raise taxes. if you don't extend the bush tax cuts in total you raise taxes. >> they're set to expire. it was your party that set them to expire. i would add. i wasn't -- sitting here at the desk i didn't do that the republican party was the one that decided to do that so you guys had to deal with the sunset provision. >> it's not an accounting measure. they're going to -- of course it's an accounting measure. >> i pay a certain level of tax this career. next year if the bush tax cuts expire i get a big tax increase but if the bush tax cuts don't expire i pay the same tax next year the same as i do this year. >> because you make a lot of money. mr. giuliani, you have a very large tax cut because you are, to your great credit, a high-earning individual and you'll see a large bounty from the tax cut. that's the question on the table. >> stop the ad silliness. the reality is it's true for everyone. let me finish my answer, rather than yelling and
>> if you extend the bush tax cuts you don't cut taxes you keep taxes where they are. if you don't extend the bush tax cuts you raise taxes. if you don't extend the bush tax cuts in total you raise taxes. >> they're set to expire. it was your party that set them to expire. i would add. i wasn't -- sitting here at the desk i didn't do that the republican party was the one that decided to do that so you guys had to deal with the sunset provision. >> it's not an accounting...
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when governor romney in 2012 makes a campaign promise about taxes, the obama campaign calls governor romney a liar. why is one guy's campaign promises now broken? not a lie, the other guy's campaign promises a lie. how can that be? here's david axelrod on cbs's "face the nation." are you saying that governor romney died or was dishonest? >> dishonest, absolutely. when he said he never proposed $5 trillion in tax cuts, that was dishonest. >> when senator obama said in 2008, i'm going to cut the deficit in half, close gitmo, people said that was unrealistic, but didn't say he wasn't telling the truth. there's a difference, isn't there? >> no. closing gitmo involved an act of congress, and he wasn't able to get congress to agree with him on that question. this is basic math. >> greta: joining us our political panel, abc news senior washington editor rick klein, casey huntington, and byron york. rick, first you. i thought it was executive order to close gitmo, just needed congress to place the people. am i right? >> they realized it was going to be harder than they wanted. the distinctio
when governor romney in 2012 makes a campaign promise about taxes, the obama campaign calls governor romney a liar. why is one guy's campaign promises now broken? not a lie, the other guy's campaign promises a lie. how can that be? here's david axelrod on cbs's "face the nation." are you saying that governor romney died or was dishonest? >> dishonest, absolutely. when he said he never proposed $5 trillion in tax cuts, that was dishonest. >> when senator obama said in 2008,...